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<br /> 1 �
<br /> iN��vinu��
<br /> DUE ON SALE
<br /> OPTIONAL FUTURE ADVANCES
<br /> SAVINGS FUND
<br /> r FDAw Na.,2� --- -
<br /> I 77- U07064 �°a" Number_35060_______Tpss_=__�_i_.�
<br /> .,.��_��.�,�� M O R T G A G E
<br /> THI9 MORTGAGE, made and executed this _/la__ _ .. day of �. _ _._... ........_ A.D.,
<br /> 19.27�., between the Mortgagor, _..Cust.t.S.A.._..Ho�.�wv.xth .a.n.d Fay J.. Holzworth_,._husband_ and_vife,
<br /> ._.._j,o.iatly..and._eacb..i.n..i.h�ir._own..x.iSh�....._ .. _ _ . . . .__. ..___.. . _ __ .... . ... .._ .. _ --...._-
<br /> of._....G.r.and_iSl.a�d_ _._, County of ___ _Hall_ ___ _ . ,State of Nebraska ,hereinafter referred
<br /> to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br /> LINCOLN, 1235 "N" Street, Lincoln, Nebraska 6A501, its eucceruwrr,and assigns, hereinafter referred to
<br /> ae Lender.
<br /> WiTNE35ETH: TF1Ht CIIB raid Bonower for and in consideration oi t�he sum of _..'�ENTY FOUR THOUSAND
<br /> _._ ._ ____._._........_.
<br /> .ANA..�IQ/1.p9-----.-------------------------------------DollarF (LTS g 24:000.00 _ �
<br /> paid by said Lender, does hereby mortgage, grant and convey to Lender, iws succearors and ac�,�signs; the
<br /> following described property located in the Count,y of Hall _ _.. , State of Nebraska:
<br /> _ _
<br /> The Westerly Forty-two (42) feet of Lot 'Phree (3) and the Easterly
<br /> Thirty-eight (38) feet of Lot Two (2), ell in B1ock Three (3) in
<br /> Pleasant View/Addition to the City of Grend Island, Hall County,
<br /> Nebraska. Third
<br /> TOGETHER with all the improvements now or hereafter erected on t.he pmperty, and all easements,
<br /> righta, appurtenances, rents, royalties, mineral, oil and gas rights and profits, water, water rights, and
<br /> wster stack, and all fixtures now or hereafter attached to the property, all ot which, including replace-
<br /> tnents and additions thereto,shall be deemed to be and remain a pari of t.he propeety covered by this
<br /> Mortgage; and all of the foregoing, together with o-iaid property (or the leasehold estate in the event thiF
<br /> Mortgage is on a leasehold) are hezein referred to as the "Property".
<br /> Borrower covenants that Borrower i:; lawfully seised of the estate hereb,y conveyed and haF the right
<br /> to mortgage, grant and convey the Property, Lhat the Property is unencumbemd, and that Borrower will
<br /> warrant and defend generally the title to the Pmperty against all claime and demands, subject to any
<br /> c�ements and restrictions lieted in a schedule of ezceptions to covera�e in any title inrurance policy in-
<br /> atuing Letider's interest in the Property, or (2) attorney's opinion of title from abekract of title certified
<br /> by bonded abetracter.
<br /> P@OVIDED ALwwvs, and ther,e present� are executed and delivered upon the following conditions,agree-
<br /> ments and obligations of the Borrower, t��-wit:
<br /> The Borrower agrees tu pa,y to the I.ender, or order, the principal sum of TWENTY FOUR TEIOUSAND
<br /> .A�D__N01100--__ ---- -----. -----'. ---.------.-----------Dollars (US� _241000.00 _._ )
<br /> payable aE provided in a note exec•ut.ed and delivi�red,cuncurrently herFwith, the final payment of principal,
<br /> if not eooner paid,on the. 1st daY of _ December , 18x ?�06
<br /> UNIP'O@M COVENANTS. RO!'I'OWE+I and Lendrr covenant and agree as fo11ow5:
<br /> 1. Payment oi Principal�d IntKssG Borrower shali promptly pay when due lhe princiNal of and in-
<br /> terest on the indebtedner,s evidenced by the Note,prepayment and late charge� as provided in the Note,
<br /> and the principal of and interc�st on any Future Advances secured by this !1lortgage.
<br /> 2. Funds!or Twcee and Insur�e�. Subject to Lender's uption under paraKraphN 4 and .� her��f. R��r-
<br /> rower ahall pay tu I,ender on the day monthl�� installmentti oi principal and intrresti are payable under the
<br /> Note, untII the Note is paid in full,a sum (herein "Funds") eyual to one-twelfth of the yearly taxes and
<br /> asee�ssmentx which may attain peiority over thie �7ortga�e, and ground rent� un the Property. if any plus
<br /> one-twelfth of yearly premium inatallmentti for hazard ineurHn�•r, plu�: on�-twelfth o( yrarh� pr�mium in-
<br /> etallmenta for mortgage ineuraace, if any, all as reasonabh� c�timated initialh� and fmm time to timr bp
<br /> Lender on the basi� of ativessments and bi1Ls an3 rea,unaLlr�.tii�wtr. thet.�uf, Len.lrr.hai(a�Nl,r chr Funiln
<br /> to PaY eaid tazes, aA�sinente, ineurance premiuma and ground rentis. Lender vhall make no charge for so
<br /> holding and applying the Funde or verifying and compiling �aid ae�essments and bills. The Lender vhall
<br /> lsive to the Borrower, without charge,an annual accounting of the FundE.howing credits and debit.s to t,he
<br /> P�nde and the purpoee fot w�hich each debit to the Funds was made. The Funda are pledged aF additional i
<br /> eec�urity for the sums eecured by this Mortgage. The Borrower agrees that the Fundh may be held by the
<br /> I.ender and commingled with other funde and the Lender's own funds and the Lender mav pay tiuch itemH ` :�,
<br /> froef its oazf funds and the Lender shall not be liable for intee�eRt or dividende on Fuch Funds. `�
<br /> IIf the amount of the Funds hdd by Lreder, toQether wit1� the futw�e monthly inetallments of Funds
<br /> P�Ya�P�to the due datee of�ea,ar�ts, inaurance premiums and ground rents, shall exc�ed
<br /> ��t i'e�4�1"ed topa Y eeid tasee,e�sesstueata,in�urance preniiums and ground renta;a�they TaU due,
<br /> a�h�cx�s ahali 6e_at Bne+uarer'a�tiow, ritF�er promptly repn�d to Botrow�er or c-zedited to Borrou�s un
<br /> r'
<br /> mont.4ily itfetallments of Funds. If the amount ot the Futu��« hrld hy T.PI1l�P�a�1AII n��t F+P.nHi�•irnt t�� ��q�•
<br /> La�a. �afienb, �neuraace �u
<br /> W'a��ums and tround e�ents sa they fall due, Bormwer shall pay to Lender
<br /> �+S'�t � �make� t6e deAcie�rcy w�ithia thirty days after notice from Lender to Bom�wer
<br /> �'°4�oL P�Ya�ent tl�e'eof, or Hoerawet elf�ll, by an increase it�tnonthly installmentn of Fund.rrquired.
<br /> *�+i�Y ��'+rnry w�itfiin Me I�nd accounting period.
<br /> Upon payroent in fu11 of a11 suma aeaared by thie;MortgaAr, Lender Fhall apph� Fundn held a� a�r<•dit �
<br /> against el! aumx due.
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